John Davis Embroiled in Investor Dispute for Allegedly Failing to Follow Instructions

John Davis (CRD #:2312724), a broker and investment advisor registered with Edward Jones, is involved in an investor dispute, according to his BrokerCheck record, accessed on January 19, 2022. 

According to the allegations filed on October 21, 2021, John Davis failed to follow his client’s instructions to liquidate her account. The client further alleged that John Davis misrepresented the potential tax implications of liquidating the account. The investor is seeking $300,000一the case is still pending.  

What FINRA Rules did John Davis Allegedly Violate? 

FINRA Rule 2010 

It is the duty of a broker to perform a customer’s orders promptly in a manner best suited to serve the customer’s best interest. Failure to follow customer instructions, both as directed and promptly, violates FINRA Rule 2010, which requires all registered members to observe high standards of commercial honor and just principles in their business dealings.  

When a broker fails to follow your instruction and/or execute your order in a timely manner, you may be able to recover your investment losses resulting from the failure to follow your instructions. 

FINRA Rule 2020 

Misrepresentations and omissions concerning material facts in investment recommendations deprive investors of the information they need to assess risks associated with a particular investment. FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.  

Losses that can be attributed to a stockbroker’s material misrepresentations of facts may result in a securities arbitration claim for damages. 

Background Information 

John Davis has passed the following exams: 

• Series 63 – Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 – General Securities Representative Examination 

John Davis is a registered broker in 27 states. He is also a registered investment advisor in Texas and Alabama. 

Besides Edward Jones, John Davis has not worked with any other firm. 

Kurta Law Can Help 

If you have worked with John Davis and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.